In a research note sent to clients, CRT Capital analyst Michael Kim said KB Home’s more detailed guidance metrics are a sign that its “strategic actions are producing better visibility into the business.” Also, recent capital markets activity has given KB Home better liquidity, something that will allow the company to aggressively invest in land assets.

The note added a sell-off in recent weeks gives investors a compelling entry point, with CRT Capital’s price target for KB Home at $23. As of Wednesday’s close, KB Home was down 15.3% since June 17.

Some investment risks mentioned in the note include foreclosure activity in certain markets and legal costs from legacy issues.